New private housing construction in June had a seasonally adjusted annual rate of 1.427 million, up 19% from May’s revised estimate of 1.199 million and 3.5% above the June 2025 rate of 1.379 million. The number of family apartments started in June was 895,000; that was 0.2% below the revised May figure of 897,000. The […]
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Given the increase in geopolitical uncertainties, the volatility of crude oil is on an upward trend. Fast ABA DataBank: Stock market and oil volatility are different appeared first on ABA Banking Journal. Source link
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Kansas regulators today closed the Small Business Bank in Lenexa, Kansas, and appointed FDIC receiver. Farmers State Bank of Oakley, Kansas, has agreed to assume nearly all deposits and purchase certain assets. As of March 31, Small Business Bank reported total assets of $73 million and total deposits of approximately $69 million. The only Small […]
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Industrial production rose 0.1% in June and grew at an annual rate of 4% in the second quarter. In June, manufacturing output was unchanged, and the mining and utilities index rose by 0.4%. Manufacturing production excluding motor vehicles and parts decreased by 0.1%. At 102.6% of the 2017 average, total industrial production in June was […]
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The Texas Bankers Foundation reopened its Flood Relief Fund to support Texas communities affected by severe storms and flooding across the state, the Texas Bankers Association announced today. The foundation is coordinating with the Texas Department of Emergency Management, local bank leaders and community organizations throughout the affected areas. Gov. Greg Abbott issued a state […]
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The FDIC has released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in the areas San Carlos Apache Indian Reservation in Arizona affected by strong storms and floods. It also published guidelines for serving institutions the Fort Peck Indian Reservation and the Crow Tribe Indian Reservationboth in Montana, which […]
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Consumer sentiment rose 4.9 points from a month earlier in July to 54.4, but was still down 7.3 points from a year earlier, according to preliminary results from a University of Michigan consumer survey. The index of current economic conditions rose by 7.2 points from the previous month to 54.9, but fell by 13.1 points […]
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In a new letter, the American Bankers Association cited several concerns about recent revisions by the Office of the Comptroller of the Currency to its standards for designating minority depository institutions, saying the changes create uncertainty for institutions seeking to qualify for or retain the MDI designation. The OCC unveiled the changes last month as […]
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Interest rates on mortgage loans crossed the threshold of 6.5 percent again today. July rates were higher than what we saw in June, moving above last month’s average (6.34%) for 16 days in a row. The average interest rate on a 30-year fixed-rate mortgage rose to 6.51% per year, according to rates provided to NerdWallet […]
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When your company goes public, one stock can suddenly take up more space in your financial portfolio than you intended. If the value of your company increases and your net worth increases along with it, you can feel rewarding that the decision to work for your company paid off. But it can also be the […]
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